More than a third of consumers who recently checked their credit reports found mistakes in them, a survey found. Many of the nearly 6,000 consumers who participated also reported having difficulty getting their free credit reports online, while others said they were unfairly charged for services.
Every year, June 15 is recognized as World Elder Abuse Awareness Day. The purpose of Elder Abuse Day is to raise awareness to the abuse and neglect experienced by elderly people around the world through cultural, social, economic, and demographic processes.
The FTC, along with law enforcement agencies from six states, sued Internet service provider Frontier Communications, alleging that the company didn’t provide many consumers with Internet service at the speeds it promised them, and charged many of them for more expensive and higher-speed service.
Corporations escaped punishment at record levels during President Trump’s last year in office, when federal prosecutions of corporate criminals fell to just 94 – the lowest on record since the government started tracking corporate prosecution statistics in 1996, a Public Citizen report found.
If you lost a loved one to covid-19, you may be eligible for a government program that pays for funeral expenses. The Federal Emergency Management Agency will pay up to $9,000 for funeral expenses for loved ones who died of covid-19. Survivors can apply for benefits by contacting FEMA at 844-684-6333.
For three years, people have reported losing more money on romance scams than on any other fraud type identified in Sentinel, a fraud database. In 2020, reported losses to romance scams reached a record $304 million, up about 50 percent from 2019.
First, I received emails from my credit union that $1,500 then $2,300 were possible fraudulent charges. I called and sure enough, a scammer from Sweden was trying to charge those amount to my credit card. The credit union flagged the fraudulent charges, and the money was never charged to me.
The Consumer Financial Protection Bureau issued an order Tuesday against a debt collector and its owner for harassing thousands of consumers, falsely threatening them with legal action. The CFPB found that Yorba Capital Management and its former owner, Daniel Portilla Jr., violated federal law.
This week, I wrote the 100th issue of my newsletter Helpful Money Tips for You. To celebrate, instead of offering my usual 10 tips, I offered 100. To sign up to get my free newsletter, go to http://eepurl.com/gkZ6JH. You'll get it in your email.
Scammers are taking advantage of the coronavirus pandemic to steal money from people. During these chaotic times, knowing about possible scams is the first step toward preventing them. Scammers are inventing new schemes as well as repurposing old ones. Be alert as you go about your covid daily lives.